Prices of Bitcoin After the White House confirmed how high the tariffs can go on Chinese imports and Coinbase warned analysts of an impending “crypto Winter,” the asset initially fell, but later recovered to remain flat.
It is a The Fact Sheet Published on Tuesday, Trump Administration stated “China could face up to a 245 percent tariff on its imports.” This includes 125% of “reciprocal levies”, a 20 percent tariff “to combat the fentanyl epidemic,” and the so-called Section 301 Tariffs which can range from 7.5% to 100%.
The following are some of the ways to get in touch with each other Editorial Publication in China DailyAround the same period, an outlet of the People’s Republic of China called for an end to the U.S.’s ‘capricious’ and ‘destructive’ behavior. It said that America “should stop whining” about being the victim of global trade.
According to crypto data providers, according the latest exchange rate, the top cryptocurrency is currently trading at around $85,000. This value has remained constant over recent days. CoinGecko. Altcoins suffered greater losses. Ethereum, The XRP currency is a cryptocurrency that can be used to buy and sell goods., Solana.
The deterioration of Sino-American relations continues to worry investors, though U.S. Presiden Donald Trump is hinting at other progress. He You can also say that He expressed his optimism in a post on the social media platform Truth Social, Wednesday. The site said that an agreement with Japan might be reached “today”.
If this is winter, I can't even remember which # it is since I entered crypto, in 2013. We'll weather it as well. pic.twitter.com/sbBavwJ1f6
— Eli Ben-Sasson (@EliBenSasson) March 10, 2025
David Duong wrote that Trump’s intermittent tariffs, which are erratic, have caused risk assets to suffer. He made this statement in an article published on Tuesday by Coinbase, the global head of Research. Note:.
He wrote that despite an improved regulatory environment, marked by the legislative debates and Trump’s crypto-friendly stance, “the road to recovery for cryptocurrency remains challenging.” A cautious outlook, he argued, may be warranted over the next four or six weeks.
In crypto circles the term “crypto winter” is usually equated to a bear-market. This is a fall of 20% from the recent peak for stocks. However, Duong says that this rule does not apply to digital assets which are volatile and traded 24/7.
Duong argued that Bitcoin’s 200 day moving average was better for identifying trends in the market. Bitcoin’s 200-day average is a good indicator of “downward trend” when it consistently falls below that level. The opposite can also be true.
Duong wrote that Bitcoin has recently fallen below its moving 200-day average due to Trump’s tariff war. Duong writes that as altcoins’ prices drop, and venture capitalists withdraw their funds, these are the “hallmarks” of a crypto winter.
Bitcoin’s 200-day moving median of $80,00 was above the price on Wednesday. Barchart. The asset price dropped to $74,800 on Monday.
James Rubin, Editor
